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From: Julius Wong7/13/2024 8:26:14 AM
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Super Micro Computer to replace Walgreens in Nasdaq-100

Jul. 13, 2024 7:21 AM ET
By: Dulan Lokuwithana, SA News Editor

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Super Micro Computer (NASDAQ: SMCI) will join the Nasdaq-100 Index ( NDX) before the markets open on Monday, July 22, replacing the pharmacy chain Walgreens Boots Alliance (NASDAQ: WBA), Nasdaq ( NDAQ) announced.

The electronic stock trading marketplace said in a statement late Friday that Super Micro ( SMCI), an AI server company, will also replace Deerfield, Illinois-based Walgreens ( WBA) in the Nasdaq-100 Equal Weighted Index ( NDXE) on that day.

Walgreens ( WBA), whose stock price has lost more than 60% over the past 12 months, will also be removed from indices such as the Nasdaq-100 Ex-Tech Sector Index ( NDXX) and Nasdaq-100 ESG Index on the same date.

Meanwhile, Super Micro ( SMCI), which has rallied over 200% over the past year, along with other tech stocks, will be considered for inclusion in indices such as the Nasdaq-100 Tech Sector Index ( NDXT) at the next quarterly rebalancing.
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